US SB3937 | 2023-2024 | 118th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 14 2024 - 25% progression
Action: 2024-03-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 14 2024 - 25% progression
Action: 2024-03-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
Title
Promoting Access to Capital in Underbanked Communities Act
Sponsors
| Sen. Cindy Hyde-Smith [R-MS] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-14 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB758 (Related) 2023-02-02 - Referred to the House Committee on Financial Services.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/3937/all-info |
| Text | https://www.congress.gov/118/bills/s3937/BILLS-118s3937is.pdf |
